I agree very much with your analysis. I think that eventually, most of the non-view, non-prestige units Downtown will drop to a level the service workers can afford them — low $100s
Unlike single family houses, apartment/condo* buildings don’t age very well. They’ll look old and tired in a decade or two. Then no one will want to live in them anymore.
BTW, there are many more examples of losses Downtown. I just got tired of looking and posting. I’ll post more as I come accross them.
* It annoys me that I can’t call a condo an apartment because that’s what it is. Rental or owned, it’s still and apartment.
